Earnings

International Personal Finance Underlying Pretax Profit Rose; Shares Rise

By Joe Hope Shares in International Personal Finance PLC rose Wednesday after the company said pretax profit rose 45% on an underlying basis along with increased revenue, though reported pretax profit slipped. Shares at 0742 GMT were up 8.2 pence, or 11%, at 84.9 pence. The London-listed credit company said pretax profit rose on an …

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Roku Wars of Trouble in the Ad Market. The Stock Is Way Down.

Text size Sales fell in Roku’s streaming player business. Justin Sullivan/Getty Images Roku is the latest casualty of a slowing ad market. Shares of the connected- television firm company fell after the streaming firm warned investors that a slowdown in advertising consumer spending would hurt sales. Roku (ticker: ROKU) reported a second-quarter net loss of …

Roku Wars of Trouble in the Ad Market. The Stock Is Way Down. Read More »

S&P 500 futures rise after strong Apple, Amazon reports as Wall Street heads for winning week

Stock futures rose early Friday as Wall Street looked to finish the week higher, fueled by strong quarterly reports from key tech companies. S&P 500 futures climbed 0.7%, while Nasdaq 100 futures added 1.2%. Futures tied to the Dow Jones Industrial Average gained 69 points, or 0.2%.. Futures were supported by gains from two of …

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Rivian Was Responsible for Amazon’s Loss. The Market Was Ready This Time.

Text size Amazon’s loss was due almost entirely to the drop in Rivian stock. Courtesy of Rivian Amazon.com lost money in the second quarter of 2022. Rivian Automotive was the reason, again. Rivian (ticker: RIVN) has tanked Amazon (AMZN) earnings before, with the declining value of Amazon’s Rivian shares hitting Amazon results back in the …

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